November 22, 2021

Company Name:

GMO Internet, Inc.
(TSE First Section, Code: 9449)

Address:

26-1 Sakuragaoka-cho Shibuya-ku Tokyo JAPAN

Representative:

Masatoshi Kumagai, Founder, Chairman and Group CEOContact:

Masashi Yasuda, Executive Vice President and CFO, Head ofGroup Management Division

Telephone:+81 3 5456 2555

URL:

https://www.gmo.jp/en

Notice Regarding Acquisition of Ownership of Land and Building Containing Setagaya
Business Square and Cerulean Tower
GMO Internet, Inc. (the "Company") hereby announces that it has agreed today to acquire trust beneficiaryrights (fixed assets) set for Setagaya Business Square ("SBS") and Cerulean Tower rented by the Company.
Regarding the trust beneficiary rights (fixed assets) set for SBS and Cerulean Tower, 55% and 5% will beacquired for approximately JPY 28.3 billion from TOKYU REIT, Inc. and CT Realty Limited (a group company ofTokyu Corporation), respectively.
1. Reason for the acquisition
Because of the pandemic, the GMO Group has been quickly adapting to business style in the era of post
corona and with-corona, such as beginning to work from home in January 2020 and declaring in April 2020 thatthe Group will discourage the use of seal impression. We have recognized the importance of a function as asymbol of corporate brands or a place promoting real communication our capital (e.g. office) has during thepandemic.
SBS is a high-rise composite facility that is based in Setagaya City, which is close to Shibuya City, and that
leads directly to Yoga station on the Tokyu Den-en-toshi Line. The Company has been renting Cerulean Tower,a high-rise composite building, as a Group Headquarter since 2001. The Company has determined thatacquisition of these buildings will likely generate revenue stably in the long-term and will enhance GMO Internet
Group's brand value, and decided to acquire trust beneficiary rights (fixed assets) set for these buildings.
Regarding SBS, the secondary name of the facility will be GMO TOWER due to obtaining trust beneficiaryrights (fixed assets). We will achieve the increase in awareness of GMO Internet Group, top two (26th and 27th)
floors will be equipped with the cutting-edge studio to produce and distribute videos, and we will use the building
as a research site of cutting-edge technology for Air Transportation Revolution. Office function will remain
consolidated in GMO Internet Group's first headquarter (Cerulean Tower) and GMO Internet Group's second
headquarter (Shibuya FUKURAS), and GMO will not relocate to SBS.

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2. Details of assets to be acquired (trust beneficiary rights)(1) Name
Setagaya Business Square(2) Location
Yoga, Setagaya City, Tokyo
Leads directly to Yoga station on
the Tokyu Den-en-toshi Line
(3)

Transportation

Cerulean Tower
Sakuragaoka-cho, Shibuya City,Tokyo
Five-minute walk from Shibuyastation on Tokyu Toyoko Line,
Tokyu Den-en-toshi Line, KeioInokashira Line, JR Yamanote
Line, JR Saikyō Line, Tokyo
Metro Ginza Line, Tokyo MetroHanzōmon Line, and Tokyo
Metro Fukutoshin Line105,949 m2
Office, hotel, store
CT Realty Limited
5%
JPY 4.9 billion

Total floor area
94,373 m2
Application
Office, store
Acquired from
TOKYU REIT, Inc.
Share acquired
55%
Amount ofJPY 23.4 billion
acquisition(9) Funds for theCash on hand and borrowings from financial institutionsacquisition* The costs of acquisition are approximate values calculated by adding the miscellaneous expenses relating tothe acquisition. Amounts less than ¥100 million have been ignored.
* The Company has solicited appraisal and examined validity in the amount of acquisition upon the acquisition.
(4)
(5)
(6)
(7)
(8)

3. Overview of seller(1) TOKYU REIT, Inc.
(1)
Name
(2)
Location
Name & Title of(3)Representative
Business(4)
Description(5)
Total Amount ofInvestment(6)
Establishment
Majority Investors(7)
and Ratio ofInvestment Units(8)

Relationship withGMO Internet

TOKYU REIT, Inc.
1-chōme-12-1 Dōgenzaka, Shibuya City, Tokyo
Kazuyoshi Kashiwazaki, Executive Director
Investing assets mainly in real property, etc. and asset backed securities,etc. that principally invest in real property, etc.
JPY 110,479 million (as of July 31, 2021)
June 20, 2003
Custody Bank of Japan, Ltd. (Custodial Account)
25.41%The Master Trust Bank of Japan, Ltd. (Custodial Account)
16.40%
Tokyu Corporation
5.01%
Capital relations
Not applicable
Human relations
Not applicable
Business relations Not applicable2(2) CT Realty Limited
(1)
Name
(2)
Location
Name & Title of(3)Representative

(4)

(5)
(6)
(7)
(8)

Business
Description
CapitalEstablishmentMajor Shareholdersand Ownership
Ratio
Relationship withGMO Internet

4. Acquisition schedule(1)
Date of Resolution
by the Board ofDirectors(2)Contract Execution(3)
Closed Date ofAcquisition

CT Realty Limited
Nihonbashi 1-chōme Building, 1-chōme-4-1 Nihonbashi, Chuo City, Tokyo
Yasuhiro Nishikawa, Director① Acquire, hold and dispose of trust beneficiary rights based on the trust
agreement on property management and disposition② Sale and purchase, lease, and management of real property③ Services incidental to the preceding paragraphs
JPY 3 million (as of February 28, 2021)February 13, 2004
CT Asset Funding Association 100%
Capital relations
Human relations
Business relations

Not applicableNot applicableNot applicable

November 22, 2021
November 22, 2021
December 1, 2021 (planned)

5. Future outlook
Regarding the consolidated results of the Company in the fiscal year ending December 2021, although theacquisition of trust beneficiary rights causes the Company to incur expenditure, the Company considers that thishas limited impact on the profit and loss. The Company shall also immediately disclose any further important
information which has come to light.

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